Disney revenue lacks magic

Disney revenue lacks magic

Disney revenue lacks magic Revenue at Disney was below market expectations and shares in the company have dipped despite growing profits. Revenue was $13.1 billion for the June quarter, short of market forecasts by $0.13 billion, and enough to see shares slip 2 per cent in extended trading Tuesday. Net income was up though; increasing 11 per cent year-over-year to $2.48 billion in the three months from April to June. Operating profit was up 9 per cent for theme parks and 4 per cent for media.